Latest Report Update: Nov 15, 2021

Nigeria - Raw Silk (Not Thrown) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Nigeria: Raw Silk Market Overview 2021

Raw Silk Market Size in Nigeria

The Nigerien raw silk market was estimated at $X in 2019, flattening at the previous year. In general, consumption continues to indicate a significant increase. The pace of growth appeared the most rapid in 2009 when the market value increased by X% year-to-year. Raw silk consumption peaked at $X in 2012; afterwards, it flattened through to 2019.

Raw Silk Production in Nigeria

In value terms, raw silk production soared to $X in 2020 estimated in export prices. Overall, production recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2015 to 2020, production growth failed to regain the momentum.

The average yield of raw silk in Nigeria was estimated at X kg per ha in 2020, remaining relatively unchanged against 2019 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of raw silk production in Nigeria amounted to X ha, flattening at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Raw Silk Exports

Exports from Nigeria

In 2020, shipments abroad of raw silk was finally on the rise to reach X tonnes after two years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, raw silk exports surged to $X in 2020. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Portugal (X tonnes) was the main destination for raw silk exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Portugal was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Portugal was relatively modest.

Export Prices by Country

In 2019, the average raw silk export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2007 to 2019, the rate of growth in terms of prices for Portugal amounted to X% per year.

Raw Silk Imports

Imports into Nigeria

In 2020, overseas purchases of raw silk increased by X% to X kg, rising for the third consecutive year after four years of decline. Overall, total imports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of X kg. from 2014 to 2020, the growth imports remained at a lower figure.

In value terms, raw silk imports surged to $X in 2020. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, China (X kg) was the main supplier of raw silk to Nigeria, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of raw silk to Nigeria.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

In 2020, the average raw silk import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw silk in the world?
+
China (137K tonnes) remains the largest raw silk consuming country worldwide, comprising approx. 76% of total volume. Moreover, raw silk consumption in China exceeded the figures recorded by the second-largest consumer, India (35K tonnes), fourfold.
What are the largest producers of raw silk in the world?
+
China (139K tonnes) constituted the country with the largest volume of raw silk production, accounting for 77% of total volume. Moreover, raw silk production in China exceeded the figures recorded by the second-largest producer, India (33K tonnes), fourfold.
What are the leading suppliers of raw silk to Nigeria?
+
In value terms, China ($22K) constituted the largest supplier of raw silk to Nigeria.
What is the average export price for raw silk in Nigeria?
+
The average raw silk export price stood at $9,934 per tonne in 2019, which is down by -11.1% against the previous year.
What is the average import price for raw silk in Nigeria?
+
In 2020, the average raw silk import price amounted to $54,787 per tonne, rising by 2.6% against the previous year.

Product coverage:
• FCL 1186 - Silk, Raw

This report provides an in-depth analysis of the raw silk market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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